For a dense metal, gold should keep rising

So U.S. Global Investors Inc. CEO and chief investment officer Frank Holmes offered this tip during a conference call wth investors today to help them figure out where gold prices are headed: Take the average price of a barrel of oil for 60 trading days and multiply it by 10. That gives you the future price of gold.

So if oil stays at least at $90 a barrel for the next two months, $90 X 10 = $900.

That’s soaring where it’s never gone before.

Currently gold costs about $835 an ounce and the 60-day average price of a barrel of oil is about $81.